Inflation Rate in Spain decreased to 1.90 percent in May from 2.20 percent in April of 2025. This dataset provides the latest reported value for - Spain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The consumer price index in May 2025 increased by 0.3 percent compared to the same month of the previous year. Overall, July 2022 was the month and year that registered the highest inflation, with 10.8 percent.

Core consumer prices in Spain increased 2.10 percent in May of 2025 over the same month in the previous year. This dataset provides - Spain Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

March 2022 ranked as month with the the largest monthly increase during the period under consideration, with the percentage change of the consumer price index (CPI) reaching three percent. The largest negative variation since 2017 was -1.3 percent, a month-over-month percentage change recorded in January 2019. Spain's consumer price index has also been analyzed annually.

Inflation, consumer prices (annual %) in Spain was reported at 2.7742 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The Consumer Price Index in Spain decreased 0 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - Spain Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Asturias was the region of Spain with the lowest annual average Producer Price Index (PPI) in 2024 with 114.08 index points, followed by Cantabria, which had an average of 114.83 points.

Cost of food in Spain increased 2 percent in April of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Spain Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Inflation, consumer prices for Spain (FPCPITOTLZGESP) from 1960 to 2024 about Spain, consumer, CPI, inflation, price index, indexes, and price.

The forecasted monthly evolution of the consumer price index (CPI) in Spain from July 2024 to December 2025 shows moderate fluctuations. The percentage change forecasted for April 2025 is 0.5 percent, the largest increase in the concerned period.

The inter-annual variation of the producer price index (PPI) in Spain stood at 1.9 as of April 2025. By the October 2024 the annual variation was negative.

The statistic shows the inflation rate in Spain from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2023, the average inflation rate in Spain increased by about 3.4 percent compared to the previous year. Inflation in Spain As explained briefly above, inflation is commonly defined as the level of prices for goods and services in a country’s economy over a certain time span. It increases when the total money supply of a country increases, causing the money’s value to decrease, and prices to increase again in turn. Nowadays the term “inflation” is used more or less synonymously with “price level increase”. Its opposite is deflation, which, in short, means a decrease of the price level. Spain and its economy have been severely affected by the financial crisis of 2008 (as can be seen above), when the real estate bubble imploded and caused the demand for goods and services to decrease and the unemployment rate in Spain to increase dramatically. Even though deflation only occurred for one year in 2009 and the price level has been increasing since, Spain’s economy still has a long way to go until full recovery. Apart from the inflation rate and the unemployment rate, gross domestic product / GDP growth in Spain and the trade balance of goods in Spain, i.e. the exports of goods minus the imports, are additional indicators of Spain’s desolate condition during the economic crisis and its slow and difficult recovery ever since. Still, there is a silver lining for Spain’s economy. All in all, things seems to be improving economically, albeit slowly; many key indicators are starting to stabilize or even pick up again, while others still have some recovering to do.

Inflation, GDP deflator: linked series (annual %) in Spain was reported at 6.2353 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Based on the year 2021, the consumer price index in Spain in April 2025 amounted to 118 index points. Despite the monthly fluctuations, the CPI showed a positive trend from February 2021 onwards.

Key information about Spain Consumer Price Index CPI growth

• Spain Consumer Price Index (CPI) growth was measured at 3.0 % YoY in Feb 2025, compared with a rate of 2.9 % in the previous month.
• Spain Consumer Price Index growth data is updated monthly, available from Mar 1955 to Feb 2025, with an averaged number of 4.6 % YoY.
• The data reached an all-time high of 28.4 % YoY in Aug 1977 and a record low of -1.4 % YoY in Jul 2009.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. National Statistics Institute provides Consumer Price Index with base 2021=100. Consumer Price Index Growth prior to January 2003 is sourced from the International Monetary Fund. [COVID-19-IMPACT]

The inflation rates of energy commodity prices in Spain increased significantly in 2021 and 2022. Electricity saw the steepest rise, with the inflation rate peaking at 107.8 percent in March 2022 before dropping later in the year. These increases in inflation were driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility.

March 2022 ranked as the month with the highest month-on-month variation in the consumer price index for housing, water, electricity, gas and other fuels of the period under consideration, with and CPI change of 9.7 percent. In April 2025, the variation was -0.9 percent.

Harmonised Consumer Prices in Spain increased to 126.43 points in April from 125.66 points in March of 2025. This dataset provides the latest reported value for - Spain Harmonised Consumer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index CPI in Spain increased to 118 points in April from 117.26 points in March of 2025. This dataset provides the latest reported value for - Spain Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Spain (CPGRLE01ESA659N) from 1976 to 2024 about Spain, core, all items, CPI, inflation, price index, indexes, and price.